on Camino Minerals Corp. (CVE:COR)
Camino Minerals Completes Acquisition of Chile's Puquios Copper Project
On April 17, 2025, Camino Minerals Corp announced the completion of its acquisition of Cuprum Resources, marking its ownership of the Puquios copper project in Chile. Camino, listed on TSXV and OTC PINK markets, aims to create a significant copper production platform with this acquisition.
The Puquios project is a construction-ready asset with an internal rate of return of 23.4% and estimated capital costs at US$142M. The partnership with Nittetsu Mining will see both companies contributing equally to the project development.
Additionally, Camino has appointed Chris Adams as Chairman, bringing extensive mine financing experience. They also welcomed Denham Capital's nominees to the board, offering strategic management strength. The acquisition involved issuing shares to Santiago Metals and a cash payment from Nittetsu, alongside a royalty agreement with Cuprum.
R. E.
Copyright © 2025 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Camino Minerals Corp. news